00:02
Patrick barnes and george layton were employed by the sailor's maritime service.
00:07
When they expressed dissatisfaction with their jobs, their employer offered them a new contract, whereby they would receive a 10 % bonus on company profits if they remained with the firm.
00:17
Several times they discussed the terms of the new agreement with an official of sailor's maritime.
00:22
Eventually, they decided the offer was a good one, and they continued on the job as usual.
00:27
Sailor's maritime later refused to pay the 10 % bonus, claiming that the offer had never been.
00:32
Never been accepted? is sailor's maritime refusal to pay legally correct? or to pinpoint the issue more directly, was the offer accepted by barnes and layton? explain.
00:44
Now, suppose that sailor's maritime had said to barnes and layton, we will consider your written acceptance of this new proposal as binding us to the payment of a 10 % bonus.
00:53
With these additional facts, change your initial evaluation of the case.
00:57
Why or why not? sailor's maritime's refusal to pay is illegal.
01:03
By offering a 10 % bonus on the company's profits to barnes and layton, for remaining with the firm, the company has created a unilateral contract with them that can be accepted by the offeree's performance.
01:15
Unilateral contract is a promise for an act, and the contract cannot be revoked once performance has begun...